“If only I had…”
Everything always seems so simple with the benefit of hindsight: “If only I had invested my money in shares in company X, I would have generated an incredible return and doubled by assets by now.” This type of thing is often heard. However, even for experts, it is difficult, if not impossible, to determine the “right” time in advance. Major price gains usually occur on a few specific days and cannot be predicted in most cases. Determining the “right” day on which to make a financial investment is therefore virtually impossible or pure chance. It is much more important for investors to be clear about their investment goals and investor profile and to stick to their strategy long-term.